Franchise Ownership Strategies and Tactics in 2023

Franchise Ownership Strategies and Tactics in 2023

In this episode, Beau and Amanda Vargas discussed franchise concepts and opportunities in buying a franchise.

Amanda, who is a franchise broker, answered many questions about franchising. Beau also shared his personal experience in the franchise business and explained how franchising can help individuals achieve financial freedom and build a legacy.

Amanda explained how she got involved in the franchise world and the different opportunities available in franchising, including home-based franchises. She also compared franchising with real estate investment and highlighted the advantages and limitations.

Want to learn more about buying a franchise? Come to our free event on September 26, 2023. Learn more here - http://franchisefastpitch.com

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Timestamps
[00:24] Beau introduces Amanda Vargas as the guest speaker and talks about how she met her
[05:15] How did Amanda get involved in the franchising world?
[08:32] Basic framework of the whole franchising world from start to finish
[11:25] 10 steps of high-level processes manageable in a few months of work
[14:50] Reasons why you want to try a franchising model
[16:09] What documents would you need to start franchising?
[18:10] Identifying Franchise Disclosure Document
[23:59] The service-based is going to be much more profitable and cheaper to get in
[24:26] Health and wellness is an industry that’s blowing up
[26:05] Amanda shares a lot of success stories of people who started with her in franchising
[28:47] What concepts are good in general to somebody who’s in real estate investing
[30:00] What is a managed model franchise?
[32:10] Best franchise concept ideas for real estate investors
[35:37] What to consider when owning a non-franchise business model (coffee shop)
[38:04] How long is it going to take you to get the results that you’re looking for
[41:15] Identifying a franchisee and a franchisor
[42:10] What are some franchises suitable for someone still working?
[43:15] The flexibility of working from home and owning a franchise
[44:09] There are hundreds of options that allow you to continue working while growing your business
[44:47] How many units are considered established franchises and emerging franchises?
[45:16] Stages of Growth of a Franchisor
[47:45] Pros and cons of each stage of growth of a franchisor
[51:15] Franchising opportunities in Canada
[51:55] How to invest in a franchise with a 401(k) or IRA
[52:28] Using ROBS rollover as an option
[54:53] Franchise Brokers Association has relationships with over a thousand brands and franchises
[56:40] How does franchising work in the beginning

💥 Thanks for watching 💥
#franchisebusiness #franchisefinancing #franchise

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.